NZU prices hold up against CERs
17 Dec 2010
Despite a rise in NZD-CER prices to around $21.70 in recent days, NZU prices (which had previously been pressured lower by the fall in NZD-CER prices) have remained pitched around the $20 mark, Westpac reports.
Some liable entities suggest that they have already purchased much of the volume required to meet their 2010 liability, many through a combination of NZUs and CERs, and are happy to wait out the festive season before looking to begin their 2011 liability purchasing.
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